Meeting

Offering an exceptional company retirement plan has numerous benefits to the employees and companies that offer them. However, all too often company retirement plans are underutilized and not properly maintained.

Well-managed company retirement plans greatly improve employee retention, attract new hires, and improve a company’s culture. Establishing a company retirement plan help improve the lives of the company employees. The tax reduction and wealth accumulation advantages that a company retirement plan provides can significantly enhance the financial future of their participants and their families.

A common issue with company retirement plans is that the companies offering them do not adhere to the fiduciary expectations put in place by the Department of Labor and Internal Revenue Service. Does the company have regular written reports that analyze fees, plan design, investment performance, and completion of fiduciary duties? If not, there may very well may be deficiencies in the company plan fiduciary process which could potentially leave the company and its fiduciaries liable. Part of our responsibility is to help reduce the liability of the plan fiduciaries and protect them from potential legal implications.

As a company retirement plan advisor our goal is to help create a high functioning company retirement plan that provides exceptional service to its participants. We give the participants the service and guidance they deserve and help keep them on track towards accomplishing their retirement goals.

Does your company address these key areas of managing a successful company retirement plan?

PARTICIPANT SERVICES

INVESTMENT ADVICE
Give your employees professional guidance that helps them accomplish their financial goals.
ON-SITE ENROLLMENT MEETINGS
Offering professional guidance at work shows employees that their company cares about their financial future.
ON-SITE AND ONLINE EDUCATION MEETING
Give employees the tools to take care of their futures.
CONTRIBUTIONS
Implement a process where employee and employer deferrals are done in a timely fashion.

LIABILITY PROTECTION

DUE DILIGENCE DOCUMENTATION
Perform regular reviews and keep documentation regarding fund reviews, fund benchmarking, fee benchmarking, employee education, deferral timing and frequency.
SUMMARY PLAN DESCRIPTION
Review summary plan description to evaluate the suitability of plan benefits.
FIDUCIARY RISK MITIGATION
Hire fiduciaries who can help reduce the liability of operating a company retirement plan.
REVIEW OF QDIA AND 404(c)
Implement procedures that look out for the best interest of your participants while reducing liability.
BONDING ANALYSIS
Help protect your plan from fraud and dishonestly.

INVESTMENT OVERSIGHT

FUND LINE-UP
Provide a fund line-up that helps employees at different stages of their lives.
FEE ANALYSIS
Analyze your company retirement plan fees and help you determine if your fees and expenses are reasonable.
INVESTMENT POLICY STATEMENT
Have a document that states the expectations and objectives of the investment options. While providing an investment structure that delivers diversification and risk mitigation.
INVESTMENT PERFORMANCE REVIEW
Review investment performance and determine whether the plan is providing exceptional investments to its participants.
INVESTMENT COMMITTEE
Reduce liability and bring employees together to helping improve their company retirement plan.

PLAN DESIGN

SELECTION OF PROVIDERS
Finding the best providers isn’t one size fits all. The company’s employee count, plan structure, and expectations determine which provider is best suited to fit their specific needs.
EMPLOYEE RETENTION
Cultivate a company retirement plan that encourages employee retention, and that improves employee morale.
EMPLOYEE BENEFITS
Build a plan that rewards employees and helps them accomplish their financial goals.
REASONABLE FEES
Negotiate a low fee structure that keeps the best interest of your participants in mind.